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Big Tech’s Big Profits For SoftBank

PYMNTS

Big tech, big bets and big profits. Individual gains and losses are hard to ascertain, and commentary mentions certain holdings as contributing to overall unrealized results. That 408 billion yen, net, comes in contrast to SoftBank’s filing that unrealized losses from companies such as Uber totaled 195.3 billion yen ($3.9

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Not business as usual: How COVID-19 reshaped the narrative for Malaysia Aviation Group

Future CFO

The company reported a post-tax profit of RM1.146 billion for the fourth quarter of 2022, its best-ever quarter performance in the past two decades, according to its group chief financial officer Boo Hui Yee. billion at the end of December 2022, and the full-year net loss after interest and tax dropped 79% to RM344 million from RM1.65

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Employee Benefits to Offer as a Small Nonprofit

The Charity CFO

However, small nonprofits may not have access to the same resources as for-profit businesses or large nonprofits. They generally have lower fees than 401(k) plans and offer more investment options. Transportation Benefits Organizations in urban areas can offer transportation benefits for employees, such as transit or parking passes.

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Rakuten Expects To Lose $947M On Falling Lyft Shares

PYMNTS

Japan’s Rakuten has taken a huge loss on Lyft shares, according to Reuters. The company said it expects to lose 103 billion yen ($947 million) in the latest quarter due to its Lyft investment. The company is expected to officially announce the loss on Thursday (Nov. billion yen loss on Lyft from the previous quarter.

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Uber Eats Adjusted Net Sales Surge 154 Pct, Freight Logs 75 Pct Gain

PYMNTS

The ride-hailing giant, extending its platform model into adjacent businesses such as freight and food delivery, is aiming to deliver a profit earlier than might have been anticipated — as in, the end of this year. Indicating at least some progress toward profits, the company’s net loss for the fourth quarter was $1.1

Sales 72
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Uber’s IPO: Pricey And Dicey Or Poised For Liftoff?

PYMNTS

Lyft, of course, is making its bed with transportation, for good or for ill, and Uber has been branching out in an effort to find ancillary revenue streams, such as with food delivery. Losses, though, are losses across that model, evidenced by the latest showings for Lyft, which logged $1.1

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Uber Touts Delivery Business In Q3 Earnings Call

PYMNTS

I think we are seeing a distinct possibility that delivery could grow up to be as significant as transportation as the crisis has introduced new customers into the segment at a velocity we could not have anticipated. Specifically, Khosrowshahi was asked if he thought delivery would ever surpass transportation as Uber’s core business. “I